Bryan Goldberg

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Bryan Goldberg
Bryan Goldberg is CEO.png
Born (1983-06-29) June 29, 1983 (age 40)
Los Altos, California, U.S.
Nationality American
Alma mater Middlebury College
Occupation(s) CEO and Co-founder of Bustle
Known forFounder of Bleacher Report
Founder and CEO of Bustle
Website bustle.com , bustle.company

Bryan Goldberg (born June 29, 1983) is an American entrepreneur and the owner of Bustle Digital Group, which operates a number of media properties, including Bustle , Nylon , W Magazine and Gawker . Previously, Goldberg founded Bleacher Report, a sports news website that sold to Turner Broadcasting System in 2012 for $200 million. [1]

Contents

Bryan Goldberg is widely considered to be a polarizing figure in New York media. He has been described as the “buyer of last resort” [2] for his hard-nosed deal-making tactics, and a “media mogul” by The New Yorker . [3]

Early life

Goldberg grew up in Los Altos, California. His father was a technology executive who worked at Atari and Quantum and his mother was a homemaker. [1] He earned his undergraduate degree from Middlebury College, where he studied economics and Japanese. He briefly worked as an investment banker at Credit Suisse, and later worked as an analyst at Deloitte Consulting.

Career

Goldberg founded Bleacher Report in 2007 with David Finocchio, Alexander Freund, and David Nemetz, who were friends from middle school. Though not an engineer by training, Goldberg took on most of the technical tasks related to the sports news website. Bleacher Report quickly became a competitor to traditional sports news media such as ESPN and Sports Illustrated . It drew huge audiences with its high volume of content and slideshows. [1] The company also launched the Team Stream app and ultimately surpassed ESPN as the largest sports network for mobile and social media. [4]

In 2012 the site was acquired for $200 million by Turner Broadcasting System After the sale, Goldberg and his cofounders took all 160 employees on a trip to Las Vegas. [5]

Goldberg left Bleacher Report in 2013 to found Bustle , a women’s interest website. In preparation, he interviewed hundreds of women about what they thought was missing from traditional publications such as Glamour and Cosmopolitan . [6] While the launch was met with criticism, Bustle has grown to 31.2 million readers, nearly half being the desirable demographic of women under 34. It combines soft news with more about politics, business, and government. [7]

In April 2017, Goldberg and his company acquired Elite Daily , a millennial-focused site, from the Daily Mail and rebranded it as Bustle Digital Group. [8]

In March 2018, Goldberg purchased The Zoe Report from celebrity style icon Rachel Zoe. She subsequently became a partner in his Bustle Digital Group venture. [9]

In July 2018, Goldberg purchased the rights to Gawker at a bankruptcy auction. The popular site had previously been forced into closure after being sued by professional wrestler Hulk Hogan. Gawker’s auction was the subject of great media attention, and Goldberg’s initial refusal to state his plans for the site made him the subject of intense speculation. He subsequently announced plans to relaunch Gawker in early 2019, but later paused the project. [10]

In November 2018, Goldberg purchased Mic.com for a reported price of under $10 million [11] —a sharp discount from the nearly $100 million that the company had been worth only a year prior. Goldberg cited his desire to expand Bustle Digital Group further into News and Politics, a move that was criticized by the Mic Union after widespread corporate layoffs. [12]

In July 2019, Goldberg acquired Nylon , an alternative fashion and music publication with a focus in experiential marketing. Though the magazine had previously exited print, Goldberg promised to resume publishing the magazine. [13]

In August 2020, Goldberg pushed further into fashion by partnering with celebrities Karlie Kloss, Kaia Gerber, and Lewis Hamilton to acquire W Magazine . The luxury fashion magazine had previously been part of Conde Nast. [14]

To date, the company has raised $80 million in venture capital funding and has been valued at just over $200 million. [7]

Napoleon’s Hat

Bryan Goldberg purchased the hat owned and worn by Emperor Napoleon Bonaparte at a Sotheby’s auction in November, 2021 for a price of $1,400,000. [15] He told the New York Post that “I can’t believe the price I got” on the historical object given its rarity and good condition. Previously, the hat had been owned by Scottish nobles descended from Sir Michael Shaw-Stewart, who purchased the hat in 1814 and was acquainted with Bonaparte’s family. [16]

Goldberg said that he intends to lend the hat to a museum, but also plans to wear it at formal occasions and possibly at his wedding. [17]

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References

  1. 1 2 3 Widdicombe, Lizzie (16 September 2013). "From Mars: A young man's adventures in women's publishing". New Yorker. Retrieved 2017-09-24.
  2. ↑ Dotan, Tom. "How Bryan Goldberg Became Media's Buyer of Last Resort". The Information. Retrieved 2018-12-03.
  3. ↑ Widdicombe, Lizzie (29 October 2015). "Bustle Has a Baby". New Yorker. Retrieved 2015-10-29.
  4. ↑ Shields, Mike. "'Just talk to a 24-year old,' and you'll know why ESPN is getting buried in one critical area by Bleacher Report and Barstool Sports". Business Insider. Retrieved 2017-09-27.
  5. ↑ Shontell, Alyson. "A founder who sold his startup for $200 million paid for all 160 employees to party with him in Vegas". Business Insider. Retrieved 2017-09-27.
  6. ↑ Bercovici, Jeff. "What was this bro thinking? Bustle's Bryan Goldberg explains himself". Forbes. Retrieved 2017-09-27.
  7. 1 2 Alpert, Alyson (27 March 2017). "Bustle Turns Political in Latest $12 Million Funding Round". Wall Street Journal. Retrieved 2017-09-27.
  8. ↑ Shontell, Alyson. "Bustle acquires Elite Daily from Daily Mail and rebrands as Bustle Digital Group". Business Insider. Retrieved 2017-09-27.
  9. ↑ Bloomgarden-Smoke, Kara (27 March 2018). "Bustle Digital Group acquires the Zoe Report". Los Angeles Times. Retrieved 2018-03-28.
  10. ↑ Jarvey, Natalie (11 September 2018). "Bustle CEO Bryan Goldberg to Revive Gawker". The Hollywood Reporter. Retrieved 2018-10-11.
  11. ↑ Dotan, Tom. "Mic's Anticipated Sale Price Less Than $10 Million". The Information. Retrieved 2018-11-29.
  12. ↑ Levine, Jon (30 November 2018). "Mic Co-Founders Savaged by Union After Mass Layoffs: 'New Low in Corporate Mendacity'". The Wrap. Retrieved 2018-11-30.
  13. ↑ "Bustle Buys Nylon Magazine Print Relaunch". Thursday, September 3, 2020
  14. ↑ "Karlie Kloss W Magazine Jason Blum Acquisition". 14 August 2020. Thursday, September 3, 2020
  15. ↑ "NYC media mogul buys rare Napoleon hat for $1.4 million". 20 November 2021. Monday, April 4, 2022
  16. ↑ "A Hat That Napoleon Wore During the Battle of Jena Just Sold for $1.4 Million at Sotheby's". 23 September 2021. Monday, April 4, 2022
  17. ↑ "Digital Media Savior or Crass Opportunist?". The Hollywood Reporter . 15 April 2019. Thursday, 14 April 2022
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